Subscribe To
MUFG: GBP positioning strategy after UK's inflation data surprise
Following the unexpected surge in the UK's July CPI data as released by the ONS, MUFG offers insights on how to strategize positions in the GBP.Key Points:July CPI Data Surprise:The ONS revealed an unexpected uptick in July's CPI data, coming after the strong wage data from the previous day. The silver lining is that the magnitude of this surprise is notably lesser than what was seen with the wage data.Bank of England's Potential Response:This data will naturally heighten the expectations of the...
Read More
Posted: Aug 16 2023, 14:08
Author Name: forexlive
Views: 022186